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World Wide Web Consortium's (W3C) HTML 5 is the wave of the future even though it is still a work in progress. It is designed to replace the HTML 4.01 standard although HTML 5 is backwards compatible.
According to Ozer, the differences between HTML5 and Flash playback on a Mac could be virtually eliminated if Flash could make use of GPU acceleration. Hit up the link below for all the numbers.
We look at the differences between HTML5 and native apps, and analyze the short-term and long-term prospects, as well as the current performance gap between the two. We've posted the deck here.